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Romanian Leu Keeps Dnward Trend Vs Euro

The Romanian leu opened slightly higher against the euro Tuesday, then it started to depreciate, following the downward trend of foreign currencies on emerging markets.
Romanian Leu Keeps Dnward Trend Vs Euro
06 ian. 2009, 11:14, English

The leu opened at RON4.0475/RON4.0525 against the euro, then, at around GMT 0835, it was trading at RON4.0635/RON4.0666 to the euro, dealers said.

On the money market, overnight interest rates were at 13.18-14.50% on the year.

The leu closed at around RON4.0590/RON4.0600 to the euro Monday, weaker compared with RON4.0150/RON4.0500 against the euro in the last trade of 2008.

The central bank computed on Monday an indicative of RON4.096 to the euro and RON2.9427 to the US dollar.